Overview

This bill amends the 2008 Climate Change Act to set a new target of net-zero carbon emissions for the UK by 2050. It also includes emissions from international aviation and shipping in the calculation of the UK's total emissions.

Description

The bill makes two key changes to the Climate Change Act 2008:

• Net-Zero Emissions Target: It changes the 2050 emissions reduction target from 80% to 100% This means the UK aims to completely eliminate its net greenhouse gas emissions by 2050.
• Inclusion of International Aviation and Shipping: It mandates that greenhouse gas emissions from international aviation and shipping are included in the UK's national emissions calculations. This will affect how the UK's progress towards its net-zero goal is measured, starting from the 2033 budgetary period. A base year for calculations, using international reporting practices for emissions from these sectors in 2019, is also established.

Government Spending

The bill doesn't specify direct government spending figures. However, achieving net-zero emissions will likely require significant public investment in areas such as renewable energy infrastructure, carbon capture and storage, and adaptation measures. The exact cost will depend on the policies implemented to meet the target.

Groups Affected

Many groups will be affected:

• Businesses: Businesses across all sectors will need to adapt to meet the stricter emissions targets, potentially through investment in cleaner technologies and more efficient practices. This may lead to increased costs for some.
• Consumers: Consumers may experience changes in prices and availability of goods and services as businesses adapt to new environmental regulations. Changes in transport and energy consumption may also affect households.
• Government: The government will need to implement policies and regulations to support the transition to net-zero emissions, requiring substantial planning and resource allocation.
• Environmental groups: Environmental groups will likely see the bill as a positive step towards tackling climate change.
• International Aviation and Shipping sectors: These sectors will face increased scrutiny and potentially stricter regulations as their emissions become part of the UK's national calculations.

Powered by nyModel